Caitlin John LLC Cuts Holdings in PulteGroup, Inc. $PHM

Key Points

• Caitlin John LLC has reduced its holdings in PulteGroup, Inc. by 56.4%, owning 6,873 shares valued at approximately $707,000 after selling 8,902 shares in the first quarter.
• Several institutional investors increased their positions in PulteGroup, with Vest Financial LLC notably boosting its holdings by 1,311.3% during the same period.
• Analysts have raised their price targets for PulteGroup, with Oppenheimer increasing it from $132.00 to $140.00 and providing an "outperform" rating.

Caitlin John LLC decreased its stake in PulteGroup, Inc. (NYSE:PHM - Free Report) by 56.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,873 shares of the construction company's stock after selling 8,902 shares during the quarter. Caitlin John LLC's holdings in PulteGroup were worth $707,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Ameriflex Group Inc. purchased a new stake in PulteGroup in the 4th quarter worth approximately $37,000. TD Waterhouse Canada Inc. raised its stake in shares of PulteGroup by 43.0% during the 4th quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after buying an additional 105 shares during the period. American National Bank & Trust acquired a new stake in PulteGroup in the 1st quarter valued at $39,000. Quarry LP acquired a new stake in PulteGroup in the 4th quarter valued at $43,000. Finally, Catalyst Capital Advisors LLC acquired a new position in PulteGroup during the first quarter worth $54,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Seaport Res Ptn upgraded shares of PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. UBS Group lifted their price objective on PulteGroup from $141.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Wedbush reissued an "outperform" rating and set a $150.00 target price on shares of PulteGroup in a report on Wednesday, August 13th. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price objective (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Finally, Oppenheimer raised their target price on PulteGroup from $132.00 to $140.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, PulteGroup has a consensus rating of "Moderate Buy" and an average price target of $135.31.

PulteGroup Trading Down 0.0%

NYSE PHM traded down $0.02 during trading on Wednesday, hitting $131.11. The stock had a trading volume of 1,356,864 shares, compared to its average volume of 2,171,964. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $25.87 billion, a PE ratio of 9.80, a PEG ratio of 0.39 and a beta of 1.22. The firm has a 50 day moving average price of $115.55 and a 200 day moving average price of $106.60. PulteGroup, Inc. has a twelve month low of $88.07 and a twelve month high of $149.47.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The construction company reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. The business had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.42 billion. PulteGroup had a net margin of 15.50% and a return on equity of 21.01%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.83 earnings per share. As a group, equities research analysts forecast that PulteGroup, Inc. will post 12.32 earnings per share for the current year.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.